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BSNL-Various Gazette Notifications issued by EPFO from Time to Time
SANCHAR NIGAM LIMITED
of India Enterprise)
Various Gazette Notifications issued by EPFO from Time to Time
office has been receiving queries regarding Emplo
regard, it is informed that EPFO vide its letter no. Actuarial / 18(2)2008/
Vol.III/7738 dated 29.08.2014 (copy enclosed) has already clarified that
henceforth, EPS will apply only to EPF members whose pay at the time of
becoming PF member is not more than Rs.15000/- per month on or after
01.09.2014. The entire employer and employee contribution shall remain in
the Provident Fund and no diversion to EPS shall be made for all new PF
members on or after 01.09.2014 having salary more than Rs. 15000/- at the
time of joining.
connection, it is mentioned that this office has already issued
instructions to act in accordance with the Gazette Notifications issued by
EPFO, from time to time, without waiting for endorsement from the Corporate
Office as the non compliance of the EPF guidelines attract penal
further mentioned that suitable action may be taken by the circles for
rectification of any erroneous deduction made and deposited with EPFO under
the EPS head for the employees covered under the above mentioned letter of
EPFO dated 29.08.2014.
units are hereby requested to kindly take necessary action in accordance
with the instructions issued by EPFO.
General Manager (CA-III)
PROVIDENT FUND ORGANISATION
of Labour & Employment, Govt. of India)
Nidhi Bhawan, 14, Bhikaiji Came Place, New Delhi – 110 066.
Addl. Central P.F. Commissioners (Zones)
Regional P.F.Commissioners (In-Charge of Region)
Gazette Notification providing for increase in wage ceiling under EPS 1995
from Rs. 6500 to Rs.10000/- which shall come into force on and from the 1st
day of Sept 2014.
in continuation of this office circular No Actuary/l 8(2)2008/ Vol.111/5905
dated 23.07.2014 wherein it was informed that the Employees’ Pension Scheme
1995 is being amended to increase the wage ceiling from Rs.6500/- per month
to Rs. 15,000/- per month in the Employees’ Pension Scheme, 1995.
proposed amendments have since been noti red vide Gazette Notification No.
GSR 609 (E) which shall come into force on and from the 1st day of
September, 2014 (Copy of notification enclosed).
Accordingly, with effect from the 1st day of September, 2014, the
pensionable salary for all cases of exit/death on or after 01.09.2014, for
calculating pension shall be the average monthly pay drawn during the
contributory period of service in the span of 60 months preceding the date
of death/exit from the membership of the Employees” Pension Fund. The
pensionable salary shall be calculated on pro-rata basis separately for the
period up to 31.08.2014 up to wage ceiling of R.6,500/- per month and for the
subsequent period upto the wage ceiling of Rs.15,000 per month. Similarly.
the Withdrawal Benefit shall be based on the weighted wages at different
wage ceilings. As already informed necessary amendments in the applicable
on software are being carried out and the necessary software shall be
released by I.S. Division at the earliest.
Accordingly, requisite steps may be taken so hat full details of wages for
60 months are available to settle the pension claims in accordance with the
proposed modification. In this regard, Form 10-C & Form 10 D are also
being redesigned to incorporate the above changes and shall be circulated
soon. However in the meantime wage details be obtained by attaching
additional sheet or giving details of 60 months of wages along with Form
10-D in respect of all members having date of exit from EPS 1995.
members having date of exit from EPS, 1995 on account of
superannuation/option date for commencement of early pension etc. prior to
01.09.2014 shall get Pensionary benefits on the basis of the existing
pensionable salary calculations ie by taking 12 months average.
Further, with effect from 01.09.2014, wherever employer & employees
have opted to contribute on salary exceeding Rs.6,500/- per month such
employer & employees will have to exercise a fresh option to contribute
on salary exceeding Rs.15,000/- per month subject to the condition that
such member would have to contribute the Government’s share of contribution
@ 1.16% on the salary exceeding Rs.15,000/- per month from his/her share of
contribution. The fresh Option is to be exercised within a period of 6
months. It is essential to know with certainty the employee who are
currently permitted to contribute to EPS on higher wages, so that fresh
options can be called for. Accordingly, you may immediately flag all such
cases of contribution on salary exceeding Rs.6,500/- per month and obtain
fresh options in a time bound manner. It may be made known to the existing
optees that if the fresh option is not exercised it shall be deemed that
the employee has not Opted in allowing contribution over age ceiling and
the contributions to Employees Pension Fund made above the wage ceiling in
respect of the member shall be diverted to the Provident Fund account of
the memer along with interest as declared under the Employees’ Provident
Fund Scheme from time to time.
Furthermore, with effect from 01.09.2014 the provisions for contribution on
higher salary has been deleted and as such no new options can be allowed to
any member of EPS, 1995 on and after 01.09.2014.
EPS will henceforth apply only to EPF members whose pay at the time of
becoming PF member is not more than Rs. l5,000/- per month on or after
01.09.2014 the entire employer and employee contribution shall remain in
the Provident Fund and no diversion to EPS shall be made for all new PF
members on or after 01.09.2014 having salary more than 15,000/- at the time
of joining. This must be ensured as any negligence on this issue may lead
to unwarranted litigations.
above actions may be taken without any deviation and officer in charge
shall be responsible for compliance of above directions under his
OM No.38/37/2016-P&PW(A) dated 12.5.2017 : Implementation of Government’s decision on the recommendations of the Seventh Central Pay Commission - Revision of pension of pre-2016 pensioners/family pensioners, etc : SAMPLE CALCULATIONS i) REVISED PENSION OF PENSIONERS WHO RETIRED BETWEEN 1-1-1986 & 31-12-1995 (4 TH CPC SCALES) Step 1: work out Notional pay as on 1.1.1996 = LPD at the time of retirement + DA as on 1-1- 1996 was 148 % up to Rs.3500 BP and 111% for BP Rs.3501 to 6000 with minimum of Rs.5180 + IR 1 Rs 100/- + IR II =10% of BP (min Rs100) + 40% fitment benefit sum total be placed in appropriate stage in the 5 th CPC scale corresponding to the scale from which retired e.g 4 th CPC scale =2000-60-2300-75-3200 LPD 2300 Notional pay = 2300 +3404 +100 +230 + 920 =6954 placing it at appropriate level of Corresponding 5 th CPC scale = 6500-200-10500 Notional pay as on 1.1.96 comes to Rs 7100 / Step
October 30, 2018 PCDA Circular 608 : 7th CPC Concordance Tables – Revision of pension of pre-2016 pensioners Office of the Principal CDA(Pensions) Draupadi Ghat, Allahabad-211014 Circular No.608 Dated:26.10.2018 To The Officer-in-Charge ROs/ PAOs (ORs) …………….. …………….. Subject : Revision of pension of pre-2016 pensioners / family pensioners in implementation of Govt. decision on the recommendations of the 7th Central Pay Commission concordance tables – regarding. Reference: (1) This office Circular No. 570 dated 31.10.2016 and No.585 dated 21.09.2017 . (Available on the website of this office www.pcdapension.nic.in) (2) GoI, MoD letter No.17 (01)/2017/(02)/D(Pension/Policy) dated 17.10.2018 . Attention is invited to Para-4 of GoI, MoD letter No. 17 (01)/2017/(02)/D(Pension/Policy) dt 05.09.2017 circulated vide Circular No. 585 dated 21.09.2017 , wherein it has been mentioned that revision of pension / family pension of all Armed Forces Per